Now in its third year, King’s20 has supported a total of 60 ventures, including success stories such as recruitment company Hackajob, AI tech company C the Signs, and craft brewer German Kraft. The cohort has generated £2.1m in revenue, raised £4.5m in investment and created 47 jobs.
Following a successful and engaging Demo Day on Thursday 13th June, in which the 20 strong cohort presented to investors, we’ve profiled the 13 companies that are actively looking to raise funds.
Members of the 2019 cohort raising funds
Scoodle
As CEO and CoFounder of edtech startup Scoodle, Ismail Jeilani is building the “LinkedIn for teachers”, who currently do not have a digital home. In order to afford teachers the recognition they deserve, the app raises their personal profile across the world to make the “Kim Kardashians of education”. Built on the premise that everyone has something to learn and teach, users gain unlimited access to the app for £15 a month, and share and download free educational content. Teachers receive royalties when their resources are downloaded.
Scoodle raised £180k of equity funding in August 2017, achieving a healthy valuation of £1.14m. They are now looking to raise £650k, two thirds of which has already been committed by the likes of twitter co-founder Biz Stone.
MAMOQ
MAMOQ is an online marketplace for sustainable fashion set up by Madeline Petrow. The CEO and co-founder’s aim is to educate consumers and inspire a fundamental shift towards more ethical fashion buying behaviour. There are currently 85 different brands featured on the marketplace, each of which have been evaluated against 12 standardise criteria so buyers can gain insight into their strengths. The startup also offers a shareable personal impact dashboard to help customers realise the power of their purchases.
The startup raised £150k in July 2018 and are now raising £400k. All previous investors will be following on in this round.
BLACK BALLAD
Husband and wife Co-Founders Tobi Oredein and Bola Awoniyi have been working part time over the last two and a half years to redress the under representation of black women in media and advertising. Their startup Black Ballad is a lifestyle media brand for and by black women around the world, and operates on a freemium subscription model.
So far the duo have raised £15k in grants and secured over 500 paying subscribers. They are now looking to raise £450k in their first round of funding in order to reach 5,000 paying members by the end of 2020.
PANAKEIA TECHNOLOGIES
Panakeia is a deep learning medtech company aiming to reduce the cost, number of tests and time take to establish a cancer diagnosis. Co-founder and CEO Pahini Pandya hopes that their tool, which visually analyses biopsy tissue samples, will save over 90% of the direct diagnostic cost per patient. Their prototype has been shown to shorten the diagnosis process by 18 days and surpass existing gold standard diagnostic techniques.
The team at Panakeia have already secured 80% of their first round investment goal, and are now seeking the remaining £350k.
SPOONZY
Led by Robert Koenig, Spoonzy’s mission is to make it easier and cheaper to eat healthy at home, bridging the gap between convenience and affordability. Customers select a week’s worth of meals from the recipes on the app and a local supermarket delivers the ingredients for the dishes to be cooked throughout the week. Revenue is generated from subscriptions, brand placement and brand partnerships.
Spoonzy has already acquired over 2,000 users and, following a pre-seed friends and family round, are now looking for £250k investment and contacts at major supermarkets.
MUSEMIO
A VR edtech platform that brings culture to life, Musemio bridges culture with a 21st-century curriculum. Co-founders Olga Kravchenko and Kaitlin Fritz have developed a mobile app and cardboard headset which allow children to learn through curriculum-led quests. They’ve secured £20k of grant funding and pre-seed investment from Bethnal Green Ventures.
They’re now on the hunt for £250k seed investment and cultural and educational partners.
EXPLORR
This location-based AR app gamifies travelling by rewarding users with in-app points for visiting niche destinations. Co-Founder and CEO Mark Yeo Tee Shen hopes this will change the way that tourists interact with cities and offers users a new way to find unique places.
Following a recent release of their MVP, the team at ExplorR are seeking £150k seed investment.
TIFY
TIFY is a market research and data analytics platform that analyses the sentiments associated with brands on social media, making the power of data science affordable and available to all. The startup aims to become the Google Analytics of consumer data, and launched their web application on pitch day.
Led by 23 year-old Veronica Sule, TIFY are seeking £150k in seed investment.
NURTURE
NURTURE is a brand providing evidence-based content and neuroscience-backed products for new parents. Drawing upon both her scientific background and her personal experience of being a first-time mum, Dr Louise Weiss hopes to empower parents prevent the spread of misinformation. With existing revenue primarily driven from online product sales, they hope to expand the scope of their offering, and move their existing online following to a paid subscription service.
NURTURE is asking for £150k of seed investment in order to expand operations.
